The global floating dredging hose market is estimated to grow at a CAGR of nearly 3.4% during the forecast period. Increasing demand for dredging in ports and oil and gas operations is primarily driving the growth of the market. The dependence on oil and gas is increasing as global economies and infrastructure continue to rely heavily on petroleum-based products. As per the US Energy Information Association, in 2018, the US alone consumed an average of 20.5 million barrels of petroleum per day which amounts to around 7.5 billion barrels over the year and approximately 22.0% of total petroleum consumption across the globe.
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This resulted in increased development of the offshore oil and gas industry, which is supporting the demand for floating dredge hoses. In the marine industry, the floating dredging hoses are being used to perform water transfer related application. Floating dredge hose equipment composed of several layers mainly used in the waterway discharge process. The inner discharge hose of the floating dredge is preserved by a floating body, which is laterally protected by a reinforced rubber shell. These hoses are capable to suck and discharge the silt, slurry, sand and stone which gets deposited in the waterway. Mud, clay, fine sand, fine-mid sand, and so on are the suitable matters that can be discharged through the floating dredge hose.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Floating Dredging Hose Market by Application
- Government
- Oil and Gas
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ContiTech AG
- FLSmidth A/S
- JinYuan Rubber Manufacturing (JYM Hose) LTD
- Max Groups Marine Corp.
- Mithra Fluidtrans Pvt. Ltd.
- Novaflex Group
- Parker Hannifin Corp.
- Salem-Republic Rubber Co.
- TANIQ BV
- The Weir Group plc
- Townley Engineering & Manufacturing Co., Inc.
- Trelleborg AB
The Report covers:
- Comprehensive research methodology of the global floating dredging hose market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global floating dredging hose market.
- Insights about market determinants which are stimulating the global floating dredging hose market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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